According to a new report, published by KBV research, The Global Cloud Database And DBaaS Market size is expected to reach $38.9 billion by 2029, rising at a market growth of 15.0% CAGR during the forecast period.
The NoSQL segment is showcasing a CAGR of 15.6% during (2023 - 2029). One of the main forces behind the growth of cloud databases can be attributed to the introduction of NoSQL databases. NoSQL databases were created to overcome the drawbacks of conventional databases, which are made to handle structured data consistently. In addition, the emergence of social media, big data, as well as the Internet of Things (IoT) has created a demand for databases that can handle huge amounts of unstructured data flexibly. The need for NoSQL databases is therefore being driven by these considerations.
The Telecom & IT segment is generating the highest revenue share in the Global Cloud Database And DBaaS Market by Industry in 2022 thereby, achieving a market value of $7.4 billion by 2029. Without requiring physical hardware, IT & telecommunications firms may swiftly provision and extend their database infrastructure owing to the cloud database and DBaaS services. This can provide better agility and scalability to suit changing business needs while drastically reducing the time and resources needed to maintain and manage databases.
The Services segment has shown the growth rate of 16.9% during (2023 - 2029). Primary database hosting, advanced analytics, and data management are just some of the services providers of cloud databases and DBaaS offer their customers as part of the comprehensive suite of services they provide. The segment includes offers made by various vendors to assist businesses in implementing, managing, and optimizing their cloud databases. In addition, this service provides consulting, assistance, training, migration, as well as continuing maintenance and monitoring.
The Large Enterprises segment is leading the Global Cloud Database And DBaaS Market by Organization Size in 2022 thereby, achieving a market value of $21.1 billion by 2029. Due to the quick advancement of digital technology, large businesses are gaining a huge competitive advantage by switching to cloud database solutions. Large enterprises frequently have diverse and complicated data needs, which can be difficult to handle with conventional on-premises databases.
The Private segment is poised to grow at a CAGR of 15.7% during (2023 - 2029). A dedicated and segregated environment for data storing, processing, and management is provided by private cloud infrastructure. The organization's performance, availability, scalability, and disaster recovery goals and requirements can be met by modifying and optimizing private cloud databases. Therefore, it is anticipated that these variables will fuel segment expansion in the coming years.
The North America market dominated the Global Cloud Database And DBaaS Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $12.9 billion by 2029. The Europe market is experiencing a CAGR of 14.3% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 16% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/cloud-database-and-dbaas-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Google LLC (Alphabet Inc.), Nutanix, Inc., Oracle Corporation, IBM Corporation, SAP SE, Microsoft Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Alibaba Cloud (Alibaba Group Holding Limited), Teradata Corporation, and Ninox Software GmbH.
By Database Type
By Industry
By Component
By Organization Size
By Deployment
By Geography
Companies Profiled
Unique Offerings 
